Clean Harbors (CLH) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on April 30, 2025, might help the stock move higher if these key numbers are better than exp ...

About Miller Environmental Group Miller, founded in 1971, is a service-led, industry-leading provider of waste, industrial, and environmental services serving all sectors of the economy, including power & utility, transportation, retail, and manufacturing. The Company's vertically-integrated network of waste treatment facilities, and national network of branches and subcontractors allows it to provide its complementary service offering at scale. Operating in 30 locations, the Company counts several Fortune ...

I'm issuing a Buy rating with a price target range of $220–230 for Clean Harbors (NYSE: CLH ), which is a 12–17% upside from its current price. Why? Well, the company is a market leader in hazardous and non-hazardous waste management, industrialI am a financial analyst and writer with a strong foundation in financial modeling, valuation, and data analysis. I hold FMVA (Financial Modeling & Valuation Analyst) and BIDA (Business Intelligence & Data Analyst) certifications from the Corporate Finance Institute ...

Clean Harbors Inc. (NYSE: CLH ) is well-positioned for revenue growth driven by favorable pricing and strong demand for its disposal and recycling services in the Environmental Services ( ES ) segment. Further, the ramp-up ofI have over 15 years of experience investing and have provided research services to mid-sized hedge funds with assets under management between $100 and $500 million. I also have had a brief stint as a sell-side analyst. I am now focusing primarily on managing my own money and my purpose ...

Clean Harbors, Inc. (CLH) has reported impressive fourth-quarter 2024 results, wherein earnings and revenues beat the Zacks Consensus Estimate.See Zacks Earnings Calendar to stay ahead of market-making news.Better-than-expected earnings did not impress investors, as the CLH stock has declined 3.8% since the release of results on Feb. 19, 2025.CLH’s earnings of $1.55 per share outpaced the Zacks Consensus Estimate by 15.7% but decreased 14.8% from the year-ago quarter. Total revenues of $1.4 billion surpasse ...

Debt and Borrowing - As of December 31, 2024, the company held $1,464.9 million of variable rate debt under secured senior term loans due in 2028, with an effective annual interest rate of approximately 3.71% on $600.0 million due to interest rate swaps[315][316]. - The company has total borrowings of $2,809.9 million, including $1,419.6 million in secured senior term loans due in 2028 and $545.0 million in unsecured senior notes due in 2027 with a fixed interest rate of 4.875%[318][319]. - Interest payments on the $600.0 million of secured senior term loans, effectively fixed by the 2022 swaps, are approximately $1.9 million per month[320]. - The company estimates that a 100 basis point change in the average interest rate on the remaining variable portion of long-term debt could change annual interest expense by up to approximately $8.6 million[320]. - As of December 31, 2024, the company had no borrowings outstanding under its revolving credit agreement, with $470.0 million available to borrow[321]. - The company has a maximum borrowing capacity of $600.0 million under its revolving credit facility, with $130.0 million in letters of credit issued[321]. - Long-term debt increased to $2.8 billion as of December 31, 2024, compared to $2.3 billion in 2023, with secured senior term loans due in 2028 totaling $1.4 billion[489]. - The estimated fair value of the Company's long-term debt was $2.8 billion in 2024, based on market data considered Level 2 measures[489]. - The Company amended the Term Loan Agreement to incur an additional $500.0 million in term loans, resulting in total outstanding term loans of $1.48 billion as of December 31, 2024[491]. - The interest rate margin for the Term Loans is set at 1.75% for Term SOFR borrowings or 0.75% for base rate borrowings, with a Term SOFR floor of 0.00% and a Base Rate floor of 1.00%[492]. - The Company entered into interest rate swap agreements with a notional amount of $600.0 million to fix the interest rate on the 2028 Term Loans, resulting in an effective annual interest rate of approximately 3.71450% after recent amendments[512]. - The effective annual interest rate on the swapped portion of the 2028 Term Loans decreased to 3.82898% following the Fourth Amendment on December 27, 2023[512]. Financial Performance - Total revenues for 2024 reached $5,889,952, an increase of 8.8% from $5,409,152 in 2023[341]. - Service revenues grew to $4,928,023, up 10.8% from $4,449,542 in the previous year[341]. - Net income for 2024 was $402,299, representing a 6.4% increase compared to $377,856 in 2023[341]. - Cash and cash equivalents increased to $687,192, a significant rise of 54.5% from $444,698 at the end of 2023[347]. - Total assets grew to $7,377,278, up 15.6% from $6,382,869 in 2023[339]. - The company reported a total current liabilities of $1,102,666, an increase from $1,037,537 in 2023[339]. - Earnings per share (EPS) for 2024 was $7.46, compared to $6.99 in 2023, reflecting a 6.7% increase[341]. - Cash flows from operating activities amounted to $777,771, an increase from $734,552 in 2023[347]. - The company invested $432,241 in property, plant, and equipment, slightly up from $422,300 in 2023[347]. - Total stockholders' equity rose to $2,573,529, an increase of 14.5% from $2,247,506 in 2023[339]. - Net income for the year ended December 31, 2024, was $402.299 million, compared to $377.856 million for 2023, representing an increase of approximately 6.4%[350]. - Total stockholders' equity increased from $2.247 billion in 2023 to $2.573 billion in 2024, reflecting a growth of about 14.5%[350]. - The allowance for doubtful accounts at December 31, 2024, was $22.908 million, up from $22.568 million in 2023, indicating a slight increase of 1.5%[362]. - Total marketable securities decreased from $106.101 million in 2023 to $102.634 million in 2024, a decline of approximately 3.5%[356]. - The company repurchased 237 thousand shares of common stock in 2024, totaling $55.211 million, compared to 328 thousand shares for $51.379 million in 2023[350]. - Stock-based compensation expenses for 2024 were $27.981 million, compared to $20.703 million in 2023, marking an increase of approximately 35%[350]. - The balance of cash and cash equivalents decreased from $133.643 million in 2023 to $106.669 million in 2024, a reduction of about 20.1%[356]. - The company issued 125 thousand shares for restricted share vesting in 2024, resulting in a net decrease of $13.759 million due to employee tax withholdings[350]. - Other comprehensive loss for 2024 was $38.296 million, compared to a loss of $8.158 million in 2023, indicating a significant increase in losses[350]. - The company maintained a zero balance in U.S. bank disbursement accounts, utilizing its cash management program effectively[357]. Environmental and Remedial Liabilities - Total remedial liabilities recorded as of December 31, 2024, were $111.7 million, reflecting the costs associated with environmental remediation efforts[335]. - The Company’s remedial liabilities increased slightly from $111.2 million in 2023 to $111.7 million in 2024[392]. - The Company anticipates total remedial liabilities of $129.3 million over the next five years, with $10.3 million expected in 2025[482]. - Closure and post-closure liabilities totaled $129.8 million as of December 31, 2024, reflecting a balance increase from $118.6 million in 2023[478]. - Remedial liabilities amounted to $111.7 million as of December 31, 2024, with a notable increase in liabilities for an existing Superfund site by $2.9 million[481]. - The Company has 25 inactive facilities with remedial liabilities of $57.0 million, representing 51.0% of total liabilities[484]. - The Company executed planned closure activities at its non-commercial landfill in Deer Park, Texas, with no changes to estimated closure costs[478]. - Accretion for closure and post-closure liabilities was $9.5 million in 2024, reflecting ongoing obligations[479]. Acquisitions and Growth - The acquisition of HEPACO on March 22, 2024, was completed for $392.2 million, enhancing the Environmental Services segment's field services[439]. - The acquisition of Noble Oil Services, Inc. on March 1, 2024, was finalized for $68.7 million, expanding oil collection operations in the southeastern U.S.[442]. - The company reported a goodwill of $186,911 thousand from the HEPACO acquisition, reflecting expected operating synergies and growth potential[440]. - The company completed three additional acquisitions in 2024 for a total cash consideration of $17.1 million, consolidating into Environmental Services and SKSS segments[447]. - The total purchase price for the recent acquisition was $110.855 million, with identifiable net assets valued at $71.291 million and goodwill recognized at $39.564 million[451]. - The company acquired a privately-owned business for $78.9 million on June 17, 2022, enhancing waste oil collection capabilities in the southeastern United States[453]. - The final allocation of the purchase price for the June 2022 acquisition included $22.231 million in property, plant, and equipment and $23.5 million in permits and other intangibles[456]. Revenue Sources and Segments - The Company generates revenues from Environmental Services and SKSS segments, with significant sources including Technical Services, Industrial Services, and Safety-Kleen Environmental Services[420]. - Revenues from Technical Services are primarily generated from waste material management and disposal services, recognized over time as services are performed[420]. - Field and Emergency Response Services revenues include contributions from the acquisition of HEPACO Blocker, Inc., recognized over time based on customer consumption of services[424]. - Safety-Kleen Oil revenues are generated from bulk sales of lubricating oils and recycled fuel oil, recognized at a point in time upon transfer of control[429]. - The company’s technical services revenue for 2024 was $1,733,550 thousand, representing a 10.9% increase from $1,563,847 thousand in 2023[430]. - Safety-Kleen Environmental Services generated $1,183,883 thousand in revenue for 2024, compared to $1,102,041 thousand in 2023, marking a 7.4% increase[430]. - Total third-party revenues for the year ended December 31, 2024, reached $5,889,952 thousand, a 8.8% increase from $5,409,152 thousand in 2023[430]. - The United States generated $5,352,423 thousand in total revenues for 2024, accounting for approximately 90.8% of total revenues[430]. Assets and Liabilities - The company reported a total current liabilities of $1,102,666, an increase from $1,037,537 in 2023[339]. - The company's property, plant, and equipment net value increased to $2.447941 billion as of December 31, 2024, compared to $2.193318 billion in 2023, reflecting a growth of 11.6%[462]. - Goodwill increased from $1.287736 billion in 2023 to $1.477199 billion in 2024, primarily due to current period acquisitions totaling $193.368 million[467]. - The company recorded depreciation expense of $346.5 million for the year ended December 31, 2024, up from $315.5 million in 2023[464]. - The total amortizable intangible assets increased to $701.987 million as of December 31, 2024, from $602.797 million in 2023[471]. - Accrued expenses and other current liabilities rose to $419.4 million in 2024, up from $397.2 million in 2023, primarily due to increased accrued compensation and benefits[475]. - The balance of landfill final closure and post-closure liabilities was $59.4 million at both December 31, 2024 and 2023[385]. - Non-landfill closure and post-closure liabilities increased from $59.2 million in 2023 to $70.4 million in 2024[388]. - Amortization expense for intangible assets increased to $54.4 million in 2024 from $50.3 million in 2023, with expected amortization totaling $582.5 million over the next several years[474].

Clean Harbors, Inc. (NYSE:CLH) Q4 2024 Earnings Conference Call February 19, 2025 9:00 AM ET Company Participants Michael McDonald - General Counsel Eric Gerstenberg - Co-Chief Executive Officer Mike Battles - Co-Chief Executive Officer Eric Dugas - Executive Vice President and Chief Financial Officer Jim Buckley - Senior Vice President of Investor Relations Conference Call Participants Tyler Brown - Raymond James Noah Kaye - Oppenheimer Larry Solow - CJS Securities David Manthey - Baird Brian Butler - Stif ...

Fourth-Quarter and Full-Year 2024 Investor Review February 19, 2025 1 Forward Looking Statements and GAAP Disclaimer These slides contain (and the accompanying oral discussion will contain) forward-looking statements, which are generally identifiable by use of the words "believes," "expects," "intends," "anticipates," "plans to," "seeks," "will," "should," "estimates," "projects," "may," "likely," "potential," "outlook" or similar expressions. Such statements may include, but are not limited to, statements ...

For the quarter ended December 2024, Clean Harbors (CLH) reported revenue of $1.43 billion, up 7% over the same period last year. EPS came in at $1.55, compared to $1.82 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.42 billion, representing a surprise of +0.69%. The company delivered an EPS surprise of +15.67%, with the consensus EPS estimate being $1.34.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how t ...

Clean Harbors (CLH) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $1.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.67%. A quarter ago, it was expected that this environmental services company would post earnings of $2.15 per share when it actually produced earnings of $2.12, delivering a surprise of -1.40%.Over the last four qu ...